Filed under: Misc. Gadgets, Portable Video

Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of that wee hours, Circuit city has not provided the requested due diligence essential to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. They’ve even gone so far as to publish an open letter from Blockbuster CEO Jim Keyes to Phil Schoonover, CEO of Circuit City. Really, is that how all corporate affairs will be conducted in the future guys? What really boggles the mind though is Blockbuster’s quest for even more brick-and-mortar as digital downloads start to take off. Hit the read link for the full contents of the letter.

[Via I4U]

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Original post by Thomas Ricker

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